Netgear 2008 Annual Report Download - page 70

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Table of Contents
The Company did not enter into any forward contracts in the year ended December 31, 2007.
Accounts receivable and related allowances consist of the following:
Inventories consist of the following:
Property and equipment, net, consists of the following:
Depreciation and amortization expense pertaining to property and equipment in 2008, 2007 and 2006 was $6.3 million, $5.3 million and
$4.0 million, respectively.
Goodwill
Activity related to goodwill consisted of the following:
68
December 31,
2008
2007
(In thousands)
Gross accounts receivable
$
153,333
$
169,986
Less:
Allowance for doubtful accounts
(1,918
)
(2,307
)
Allowance for sales returns
(9,710
)
(9,417
)
Allowance for price protection
(3,430
)
(497
)
Total allowances
(15,058
)
(12,221
)
Accounts receivable, net
$
138,275
$
157,765
December 31,
2008
2007
(In thousands)
Raw materials
$
639
$
496
Finished goods
111,601
82,527
Total
$
112,240
$
83,023
December 31,
2008
2007
Computer equipment
$
6,101
$
7,798
Furniture, fixtures and leasehold improvements
8,734
2,699
Software
18,083
10,237
Machinery
8,923
7,075
Construction in progress
158
3,305
41,999
31,114
Less: Accumulated depreciation and amortization
(21,707
)
(19,909
)
$
20,292
$
11,205
Year Ended December 31,
2008
2007
Balance as of beginning of the period
$
41,985
$
3,800
Additions related to earn
-
out payments
8,729
—
Additions related to acquisitions
10,686
38,185
Balance at end of period
$
61,400
$
41,985